BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
based on the logic that the next developing monthly pivot gets hit (as it has the last 48 out of 50 months at least). However this level is only confirmed when monthly closes. price could rise in the next day or drop also altering its development. However based on the current consolidation and price action that is where it is now. It coincides with the weekly range play from L3 to H3 as well. optimal entry possibly as close the L3 as possible with stop on the L4 weekly or L4 daily for a tight stop. we will have to see what happens if it reaches there.
This analysis was done using camarilla pivots on monthly and weekly levels

Penafian

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